The Singapore Variable Capital Company: 2026 Report
Six years on, the definitive guide to Asia's fund vehicle — structure, the 13O/13U tax incentives, family offices and the 2026 regulatory landscape. A 33-page PDF, reviewed June 2026 for YA 2026.
Download the free PDF ↓ 33-page PDF · reviewed June 2026 for YA 2026
What's inside
Eleven sections take the VCC from first principles to the 2026 outlook, with comparison tables for the tax schemes and worked economics for family offices and platforms.
| 01 | Key highlights — the report at a glance |
| 02 | Introduction: six years of the VCC — 2020–2026 |
| 03 | What is a VCC? — structure, sub-funds and Section 29 ring-fencing |
| 04 | Requirements, governance and supervision — ACRA, MAS and Circular IID 04/2025 |
| 05 | Setting up — process, timeline, costs and friction points |
| 06 | The tax regime: 13O, 13U, 13D and 13OA — the post-2025 rules |
| 07 | Family offices and the VCC — SFO, MFO, GIP and succession |
| 08 | External asset managers and the sub-fund platform — from LPOA to fund vehicle |
| 09 | Re-domiciliation of funds to Singapore — inward transfer |
| 10 | The 2026 landscape — adoption data, trends and outlook |
| 11 | Next steps & about — how to act on it |
Why download it
Most VCC explainers online are years out of date — still listing the VCC Grant Scheme as live, quoting old AUM thresholds, or missing the 2025 economic-substance reset. This report is built on the current position: the 13O and 13U schemes after the 1 January 2025 changes, MAS Circular IID 04/2025 on governance, the closed grant scheme and the repealed RFMC regime. It pulls the whole picture — structure, tax, family offices, EAMs and re-domiciliation — into one place you can read offline or share with your board.
Have a specific structure in mind?
The report answers the general questions; your launch has specific ones. Tell us your strategy, investor base and timeline and we'll walk you through how the VCC works for your situation — and connect you with a Singapore-licensed fund manager if it's the right fit.
Speak to a specialist →Download the 2026 report (PDF) ↓
Is the VCC Singapore 2026 report free to download?
Yes. The 33-page report is a free PDF with no paywall. It is reviewed for YA 2026 and current to June 2026.
What does the 2026 VCC report cover?
Eleven sections: the VCC structure and Section 29 ring-fencing, requirements and governance (including MAS Circular IID 04/2025), setup process and costs, the post-2025 tax regime (13O, 13U, 13D and 13OA), family offices (SFO, MFO, GIP and succession), external asset managers and the sub-fund platform, inward re-domiciliation, and the 2026 adoption data and outlook.
How current are the figures in the report?
It reflects the position as of June 2026 for Year of Assessment 2026 — including 1,400+ live VCCs, the 2,695 sub-funds and S$6.07 trillion AUM from the latest MAS survey, the 1 January 2025 economic-substance changes, the RFMC repeal and the closed VCC Grant Scheme. Where a figure is an industry estimate rather than an official MAS number, the report says so.
Who is the report for?
Fund managers, family offices, external asset managers and their advisers evaluating a Singapore VCC — whether launching a new fund, setting up a single- or multi-family office, or re-domiciling an existing offshore vehicle.